+4.9% | Parking Management market Trends Exhibits Remarkable Growth Opportunity

Parking Management market report by "The Insight Partners" sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future.

Accentuating Development of Contactless Parking System Growth Opportunities for Oil Conditioning Monitoring Market during 2021-2028

According to our latest market study on "Parking Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Parking site, Solution, Services, and Deployment Type," market is expected to grow from US$ 32,221.73 million in 2021 to US$ 45,125.82 million by 2028; it is estimated to grow at a CAGR of 4.9% during 2021-2028.

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The major cities in several countries across the globe are adopting smart technologies heavily with an objective to reduce day to day traffic and parking challenges. Traffic and parking spots have been long-lasting problems in both developed as well as emerging regions worldwide. At present, the smart parking technologies is revolutionizing the car park management, and the demand for intelligent parking technologies is exponentially growing. The smart technologies, which are experiencing tremendous growth in the current parking management system include parking guidance information systems, automated parking, smart parking payment system and parking reservation systems. In addition to these technologies, demand for security and safety of the parked vehicles is also increasing rapidly among the drivers and the vehicle owners, which is propelling the procurement of parking surveillance system, thereby creating substantial market space for parking management companies to grow over the years.

Leading PARKING MANAGEMENT market Players:
Flowbird Group, PASSPORT LABS, INC., T2 Systems, Inc, TIBA PARKING SYSTEMS, Group Indigo, Precise ParkLink, FlashParking, Amano Corporation, Robert Bosch GmbH, Siemens AG

The global parking management market has been segmented as mentioned below:
By Parking Site
On-street
Off-street

By Solutions
Parking Guidance Systems
Parking Reservation
Parking Security & Surveillance
Others

By Services
Managed Services
Professional Services

By Deployment Type
Cloud
On-premise

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Parking Management Market Insights
Increasing Partnerships and Mergers to Stimulate the Parking Management in Urban Areas
The parking management systems market across the globe is highly fragmented, as several players are operating in the industry with their respective technologies and services. This has created substantial complexities among the end users of parking management systems. The need and demand for technologically enhanced parking management system is continuously increasing in the developed regions as well as emerging areas across the globe. The parking management market players have a significant opportunity to grow it the near future by partnering with other parking management service providers and governments. Partnerships among the service providers facilitate to provide bespoke services which are expected to drive the market to a great extent.

PARKING MANAGEMENT market - Global Analysis to 2028 is an exclusive and in-depth study which provides an exhaustive analysis of the market including the current trend and future amplitude of the market with respect to the products/services. The report provides a detailed rundown of the PARKING MANAGEMENT market keeping in mind detailed segmentation by type, application, and region. This report provides an expert assessment of the leading companies in this business sphere by listing the products and services unveiled by them in order to help business owners to understand the market positioning of these players. PEST analysis of each region and country is documented as well.

Reasons to Buy
• Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Parking Management market.
• The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
• The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the PARKING MANAGEMENT market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
• Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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